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The wannabe rainbow
Ok here it is and if you wanna try the wannaB then I suggest a demo account for starters. I am still testing it.
5 min chart.
there are 12 WMAs, 3, 5, 7, 9, 11, 13, (make these one color)
15, 17, 19, 21, 23, 25, 27 (Make these one color)
Slow Stoch 30, 10, 10
entry is when price closes on the opposite side of the MAs. (shown with a red line)
and stock crossed in proper directions, I like it best when there is decent sepreration of the stoch lines.
there are two suggestions for stops
one is the opposite end of the candle that closed outside the MAs. (shown with a green line)
two is the last high or low on the 5 min chart. (also shown with a green line)
target is the distiance between the entry point and the last high or low. (note the small blue lines showing this)
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